CCNet’s Benny Peiser has the following from Der Spiegel:

“If that’s the shape the trading will take, we will simply move our cement operation to Ukraine,” a cement factory manager shouted into the lecture hall. “Then there won’t be any trading here, nothing will be produced here anymore — the lights will simply go out here.” The price of European emission permits is rising so rapidly that German companies are threatening to leave the country. Thousands of jobs could be lost. And the environment may, in the end, be no better off. According to calculations by the Federal Statistical Office and the Institute for Applied Ecology, a number of other German companies from industrial sectors other than the cement industry will relocate at least part of their businesses because of the new carbon trading scheme — either because of the rising cost of permits, or because of higher electricity prices.